Forex Trend Analysis Report
Prepared for you on Thursday, February 20, 2020.
US Dollar/Costa Rican Colon (FOREX:USDCRC)
Weak Downtrend (-65) - USDCRC is showing signs of a strengthening downtrend. Monitor USDCRC as it may be building momentum to the downside.
Is it time to buy, sell, or avoid USDCRC?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDCRC.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDCRC
The long-term trend has been DOWN since Nov 28th, 2019 at 564.4600
The intermediate-term trend has been UP since Feb 10th, 2020 at 566.6816
The short-term trend has been DOWN since Feb 17th, 2020 at 566.7751
Smart Scan Analysis for USDCRC
Based on our trend formula, USDCRC is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).